A Midlands North West MEP has welcomed proposed changes to Credit Union lending rules.
Ciaran Mullooly says it will be a “game-changer” for addressing the housing crisis and supporting local communities.
The proposed Central Bank changes would allow Credit Unions to allocate up to 30% of their assets—around €6 billion—for mortgages and 10% for business loans.
Mr Mullooly says Credit Unions must be given the opportunity to exercise their lending power:
